Americas

Neuberger Berman, the independent and employee-owned investment manager, has acquired an investment team specialising in options from Horizon Kinetics.

Mondelez, the US food and beverage company, on Tuesday priced a dual tranche Swiss franc deal extending its run of Swiss deals to three and drawing praise for its blinding start in the currency.

The Basel Committee on Banking Supervision has agreed not to increase the leverage ratio requirement — a big win for banks already struggling to stay abreast of new capital rules.

Chile has tightened price guidance on the first bond from Latin America this year, a 10 year euro-denominated deal, to 115bp area over mid-swaps.

Fitch downgraded Odebrecht Offshore Drilling Finance (OODF) from B- to CCC on Monday, highlighting its concerns that the Brazilian issuer’s discussions with bondholders could lead to a restructuring of its bonds.

The International Swaps and Derivatives Association will tighten up the rules governing members of its Credit Derivatives Determinations Committee as it looks to strengthen the process for deciding whether credit events have occurred.

TABB Group, a research and consulting firm focused on capital markets, has hired two analysts to its derivatives practice.

Traders in yen futures may have overreacted to the growth concerns in China, data from the US Commodity Futures Trading Commission (CFTC) has suggested.

General Mills, the US food company, on Monday became the second issuer of the year in the European corporate bond market, printing a €500m floating rate note.

Abengoa Yield, the yieldco spun off by Abengoa, the troubled Spanish renewable energy company, has changed its name to Atlantica Yield, and appointed a new chief financial officer, in a bid to dissociate itself from its parent, which has three months left to avoid bankruptcy.

Markit, the financial information services firm, has agreed to buy Loan/SERV technology assets from the Depository Trust & Clearing Corporation (DTCC) in a bid to expand its loan management services.

Reports on Friday that the Argentine government would begin negotiations with holdout bond investors on Wednesday sparked buying in the nation’s bonds as the sovereign — rated Caa1/CCC+/CCC rated and still in default — proves an unlikely beacon of stability in Latin America.